Results 221 to 230 of about 30,037 (266)
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SSRN Electronic Journal, 2020
We investigate the influence of public companies on their local economies through the spending of their employees on local goods and services. Using the taxicab industry in New York City as a laboratory, we find that tips paid for taxis taken near firms’ headquarters are higher on the days their stock returns are higher.
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We investigate the influence of public companies on their local economies through the spending of their employees on local goods and services. Using the taxicab industry in New York City as a laboratory, we find that tips paid for taxis taken near firms’ headquarters are higher on the days their stock returns are higher.
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College or the Stock Market, or College and the Stock Market?
FEDS Notes, 2017In this note, we document facts about the relationship between stock market participation and a predominant form of human capital investment -- formal higher education. We examine, using the Survey of Consumer Finances (SCF), the relationship between stock market participation and college enrollment and completion, with attention to the presence or ...
Kartik Athreya +2 more
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THE OUTLOOK FOR THE STOCK MARKET
The Journal of Finance, 1963ATTEMPTING TO ANTICIPATE the future trend of stock prices is a perilous and usually unrewarding business. Yet there is probably no more fascinating problem facing the student of finance and economics. The search for reliable results is greatly complicated by the fact that one is often in doubt as to where the market is now, as well as being uncertain ...
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Marketable Securities and the Stock Market
1984Fortunately, Fred Daly’s setback and decline as reported in chapter 2 was entirely mythical, and in fact his early success was merely the start of a long term trend of continually rising profits, deriving largely from an expansion in the number of his shop outlets, and diversification into records, toys, games and miscellaneous goods.
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SSRN Electronic Journal, 2008
The paper investigates the reaction of the Federal Reserve to developments in the stock market. The issue is analyzed by first constructing an Index of Stock Price Misalignement in which the fundamental value of the stocks is computed on the basis of the discounted cash flow approach and by then including this index, among the regressors, into a ...
MATTESINI, FABRIZIO, BECCHETTI, LEONARDO
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The paper investigates the reaction of the Federal Reserve to developments in the stock market. The issue is analyzed by first constructing an Index of Stock Price Misalignement in which the fundamental value of the stocks is computed on the basis of the discounted cash flow approach and by then including this index, among the regressors, into a ...
MATTESINI, FABRIZIO, BECCHETTI, LEONARDO
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The Market for Borrowing Stock
SSRN Electronic Journal, 2002Abstract To short a stock, an arbitrageur must first borrow it. This paper describes the market for borrowing and lending U.S. equities, emphasizing the conditions generating and sustaining short-sale constraints. A large institutional lending intermediary provided eighteen months (4/2000–9/2001) of data on loan supply (“shortability”), loan fees ...
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The Journal of Business, 2006
We present theory and evidence of stock price manipulation. Manipulators trade in the presence of other traders seeking information about the stock’s true value. More information seekers imply greater competition for shares, making it easier for manipulators to trade and potentially worsening market efficiency.
Rajesh K. Aggarwal, Guojun Wu
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We present theory and evidence of stock price manipulation. Manipulators trade in the presence of other traders seeking information about the stock’s true value. More information seekers imply greater competition for shares, making it easier for manipulators to trade and potentially worsening market efficiency.
Rajesh K. Aggarwal, Guojun Wu
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European Journal of Operational Research, 2015
Abstract This paper analyzes three major asymmetries in stock markets, namely, asymmetry in return reversals, asymmetry in return persistency and asymmetry in return volatilities. It argues for a case of return persistency as stock returns do not always reverse, in theory and in practice.
Peijie Wang, Bing Zhang, Yun Zhou
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Abstract This paper analyzes three major asymmetries in stock markets, namely, asymmetry in return reversals, asymmetry in return persistency and asymmetry in return volatilities. It argues for a case of return persistency as stock returns do not always reverse, in theory and in practice.
Peijie Wang, Bing Zhang, Yun Zhou
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The Review of Economic Studies, 1983
Suppose that a perfectly competitive firm wishes to determine its intertemporal production-and-investment plan in accordance with its shareholders' interests. Will it be able to satisfy this desideratum? And if so, what course should it pursue? In a general equilibrium model with many periods, uncertainty, incomplete markets, and trading through time ...
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Suppose that a perfectly competitive firm wishes to determine its intertemporal production-and-investment plan in accordance with its shareholders' interests. Will it be able to satisfy this desideratum? And if so, what course should it pursue? In a general equilibrium model with many periods, uncertainty, incomplete markets, and trading through time ...
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Journal of Political Economy, 1988
Quarterly data for the period from 1961 to 1986 suggest that the real quantity of money (defined as M2) demanded relative to income is positively r elated to the deflated price of equities (Standard and Poor's composi te) three quarters earlier and negatively related to the contemporane ous real stock price.
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Quarterly data for the period from 1961 to 1986 suggest that the real quantity of money (defined as M2) demanded relative to income is positively r elated to the deflated price of equities (Standard and Poor's composi te) three quarters earlier and negatively related to the contemporane ous real stock price.
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